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's on capitol hill. >> there could be, but for now, nothing going. a couple votes in the u.s. senate. a democratic vote to replace cuts in ten years, but the pay fors and cuts take a decade, including a 30% minimum tax rate for income amounts of over $5 million. as a republican plan, allows flexibility for the president to go and fill in the spending cuts from elsewhere in the budget. neither proposal will pass. the president meets with congressional leaders tomorrow at the white house. the rest of congress out at that point when spending cuts, automatic spending cuts begin tomorrow. leaders skeptical saying it's just a foe toll opportunity. -- photo opportunity. no deal, but voting is this afternoon. dagen: thank you. as we edge closer to the deadline, the impact of the cuts on the economy, on the market, could they be more drastic than investors bet on? to break it down, a professor at the international business schools, jeremy hills in studio with me, managing director at tf marketing advisers. katherine, will the impact on the economy, an economy only growing one-tenth of a perce
for the u.s. are the consequences of cuts being overblown in washington? fox contributor juan williams joins me with his take. thanks for coming on the show. >> my pleasure. melissa: if you're watching this, this is the story of the day today, seems a game of gotcha with the different white house surrogates who come out and said planes will fall out of the sky, to the point jon stewart is piling on. he did a whole bit about how silly it is this idea they will not give kids shots and kids celebrating about that. even the ap did a whole roundup on how silly this was. do you think that it was a bad idea tax particularly and politically to be overdramatic perhaps about what it could mean? >> no. it is politics and, you know, you're playing on poll numbers, melissa. so a lot of poll numbers, for example, right now, there's a pew poll out says, 52% of americans think, you know, the sequestration is a bad idea. that they don't like that approach. now you also have to recall though, americans overwhelmingly think we need to do something about the debt in this country that is just out of control and
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